Market Overview

Imperial Dade Expands West Coast Presence with Acquisition of P&R Paper Supply

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Transaction Represents 28th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Products

Imperial Dade, a leading distributor of food service packaging and janitorial supplies, today announced the acquisition of P&R Paper Supply ("P&R"). The acquisition strengthens Imperial Dade's West Coast presence while enhancing the company's differentiated value proposition to customers in the region. The transaction represents the 28th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed.

Headquartered in Redlands, California, with locations throughout the West, P&R Paper Supply is a leading distributor of food service and janitorial products owned and operated by the Maiberger family. With nearly 60 years of experience, the company has built a strong reputation for its knowledgeable sales force, wide breath of products, and high level of customer service. By leveraging Imperial Dade's market leading platform and existing California presence, P&R customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions.

"Like Imperial Dade, P&R has a deeply rooted family culture and high standard for customer service, making the business a great addition to our family," said Robert Tillis. "We are excited to grow our presence across the West Coast and look forward to partnering with the P&R team to capitalize on the many growth opportunities that we see ahead for the business," said Jason Tillis. "The Maiberger family operates with a focused commitment to provide an unparalleled customer experience. We are excited to welcome P&R to the Imperial Dade family," said Glenn Ziegler, Senior Vice President of the Western Region at Imperial Dade.

"Imperial Dade's commitment to customer service aligns well with our own family's philosophy and values. I am excited for the opportunity to partner with Bob and Jason to further grow our business and continue to deliver high-quality solutions and services to our customers as part of the Imperial Dade platform," said Joe Maiberger, President of P&R Paper Supply.

About Imperial Dade

Founded in 1935, Imperial Dade serves more than 50,000 customers across the United States and Puerto Rico. Since CEO Robert Tillis and President Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the food service packaging and janitorial supplies industry. For additional information, please visit www.imperialdade.com.

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